News and articles
The Russians love Chinese soy
We are envious of the protein content of American soybeans, Americans envy for Chinese soybeans. The huainan soybean has an excellent nutritional content, just the treatment and cleaning of the...
Read more
Analysts: earnings growth accelerated in January surpassing the expectations
Following the increase in minimum wages and the shortage of skilled workers, the KSH reported on a salary increase exceeding the expectations in January. The pace of growth in earnings...
Read more
European consumers are guaranteed better quality organic food by an EU agreement
The Strasbourg plenary session of the European Parliament agreed on a new system of organic food and organic food labeling. According to the new system under such a trademark only...
Read more
Magazine: Flavours create taste
According to Márta Galácz, managing director of Kotányi Hungária Kft., spice volume sales remained stable in the market, while value sales augmented. Sales developed the most dynamically in the spice mix...
Read more
NAK President: there are still reserves in Hungarian agriculture
“The Hungarian agriculture had successful years, but there are some sectors where there are still big reserves” – the chairman of the National Chamber of Agriculture (NAK) told at the...
Read more
Henkel’s three brands were awarded
Henkel Magyarország won the Business Superbrands award for the eleventh time this year. Among the leading brands of Henkel, Schwarzkopf and Persil received Superbrands, while Pattex won Superbrands and Business...
Read moreThe Pálinka country tasting has begun
The increase in the brand’s prestige in recent years is exemplary; after the great quality of the product, the use of origin markings can continue to increase the drink’s rank...
Read more
Mushroom cultivation against breast cancer
School Mushroom Growth Boxes, Pink Tray Calling for the Importance of Cancer Screening and Supporting Disadvantaged Families – only a few of the program elements from the Bio-Fungi Kft., the...
Read more
The Fish Festival Near the Danube to be held for the second time in Mohács
On the 21st of July, the Fish Festival Near the Danube will be organized for the second time in Mohács by the German minority government of Mohács, Baranya County. The...
Read more
Nearly 13,000 people visited the 22nd Agricultural Expo in Pápa
The 22nd Agricultural Expo in Pápa ended on Sunday on 27 May, 2018. The expo was a huge professional and public success. 22nd Agricultural Expo was organized by the National...
Read more
The turnover of Diego’s home furnishing chain continued to grow
Diego’s home furnishing chain’s sales revenue reached 18.8 billion forints last year, 15 percent more than in the previous year and the company expects a 12 percent increase in turnover...
Read more
The Hungarian-Vietnamese economic relations are expanding rapidly
Hungarian-Vietnamese trade flow grew by 79 percent in 2017, reaching 357 million USD, while growth remained in 2018 – Varga Mihály finance minister emphasized, after talks on Monday in Budapest...
Read moreConsumer confidence in the United States was weakened in May
Consumer confidence in the United States in May deteriorated moderately in May, according to the regular monthly survey of the Michigan University, whose final results were published on Friday. The...
Read moreBritish agrarian federations will also need EU labor after Brexit
In a joint open letter, the British government has been asked by more than one hundred British federal associations on Monday to ensure that the industry can use EU citizens...
Read moreConsumer confidence has become stronger in the world’s largest economy
Consumer confidence increased in the United States, the Conference Board index improved, after two months it rose again to nearly 18 years in April. The Conference Board’s nonprofit economic research...
Read moreWorld Bank: foreign trade is the easiest from Hungary
Out of the 190 countries, the trading across borders is the easiest in Hungary – according to the World Bank’s Doing Business rankings – mfor.hu wrote. The ranking of the...
Read more
GKI: Consumption of households grows rapidly this year as well
As GDP, earnings and consumption grew faster than previously thought, GKI raised its 2018 GDP growth forecast from 3.8 per cent to 4 per cent. Although the foreign trade surplus...
Read more
Artificial meat technology advances further
Israeli food-tech company Aleph Farm Ltd. is one of only a few ‘clean’ meat companies globally. Recently they have announced a breakthrough: with the help of 3D and other technologies,...
Read more
Walmart testing a new mobile checkout service
Walmart has started testing ‘Check Out With Me’, a new service designed to save customers time. In the lawn and garden centres of more than 350 US stores, members of...
Read more
Moody’s forecasts major growth for Aldi and Lidl
Aldi and Lidl, the two German discount store giants will increase their market shares and profits faster than most of their competitors – predicts the Moody’s Investors Service report. Their...
Read more
Ireland imposes sugar tax on soft drinks
As of 1 May Ireland imposed a tax on soft drinks sweetened with sugar. With this step the government intends to solve the problem of too many Irish being overweight....
Read more
Asda–Sainsbury’s merger
The merger of Sainsbury’s and Asda (a supermarket chain owned by Walmart UK) will establish the biggest retail chain of the United Kingdom. The two companies will keep their names...
Read more
Amazon also delivers inside the customer’s car
Amazon Prime users can now also ask for in-car delivery, via the Amazon Key service. At the moment this service is available in 37 US cities. Amazon’s delivery people get...
Read more
Retargeting.biz strengthens presence in e-commerce
Romania-based online retailer and marketing specialist Retargeting.bit is introducing their new solution to the markets of Central Europe, which makes the Google, Facebook and Instagram applications available to partners via...
Read more
Tiszafüred: infrastructural development of the marketplace
The municipality of Tiszafüred invests HUF 186 million in the technological development of the local marketplace. Non-refundable EU money is used to build a 270m² indoor selling space. //...
Read more
Lower VAT on baked goods would foster technological development
The Hungarian Baker Association welcomes the fact that important representatives of the industry are in favour of cutting the VAT on baked goods to 5 percent. Bakers say they would use...
Read more
István Nagy wants further whitening in agriculture
Minister of Agriculture designate István Nagy told at his hearing that the main tasks in agriculture are reducing the workforce shortage, whitening the sector further, increasing the size of land...
Read more
Food product tracking roadshow continues this autumn
From April 2018 until autumn food companies have the chance to learn about the tracking of food products. The Ministry of Agriculture and GS1 Hungary set up the National Food Tracking...
Read more
Added value matters
Kaposvár-based meat company Kométa ’99 Zrt. manufactures artisan-quality products at industrial level. In 2017 their sales reached HUF 43 billion. In the last 10 years the company invested HUF 8 billion in development. Products...
Read more
Higher quality organic food products
According to new legislation adopted by the European Parliament, only high-quality organic food products will be marketable in the European Union in the future. Each element of the supply chain must...
Read more